AML / KYC

Australia Anti-Scam Centre Publishes Fusion Cell Report

23/05/2024

The investment scam fusion cell succeeded in removing scam ads from digital platforms, taking down investment scam websites, and diverting scam calls to recorded warnings.

Enforcement

Hong Kong IA Bars Ex-Prudential Agent for 14 Years

22/05/2024

The IA said it found the agent’s conduct “so disgraceful” that it unanimously decided to elevate the penalty to a 14-year prohibition.

AML / KYC

NZ DIA, SkyCity Reach Settlement Over AML Breaches

22/05/2024

A penalty of NZD 4.16 million was proposed to the court to settle SkyCity’s liability over the AML breaches.

AML / KYC

NZ Regulators Endorse New AML/CFT Supervisory Approach

22/05/2024

The DIA, FMA and RBNZ say changes to the AML/CFT requirements will ensure New Zealand is meeting global AML/CFT standards.

Enforcement

ASIC Issues Guidance for Unlicensed Entities Soliciting Advice

16/05/2024

The guidance warns of penalties for unlicensed entities that make unsolicited contact with consumers and refer them to third parties for financial advice.

Capital / Liquidity

RBNZ Proposes “Core Standards” for New DTA Regime

16/05/2024

The proposed core standards cover capital, liquidity, disclosure, and DCS-related requirements.

ESG / Sustainability

ASIC Outlines Focus Areas for Financial Reporting, Auditing

16/05/2024

ASIC’s priorities include certain ‘enduring focus areas’ along with climate reporting and compliance with ethical and independence standards.

AML / KYC

NZ Updates AML Guidance on Russia Sanctions

14/05/2024

AML/CFT reporting entities that are duty holders under the Russia Sanctions Act must notify customers of asset freezes or blocked transactions.

Enforcement

ASIC Probes ANZ Over Treasury Bond Issuance

14/05/2024

ASIC suspects ANZ breached the law while serving as a risk manager for a government bond issuance last year.